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Expert Advisor
The onrex iv Premium uses intraday breakout with RSI levels to execute trade. Positions are opened in accordance with the chosen risk and capital management regime: lot size corresponding to account balance and fixed lot.
It’s a trading tool that be used to enhance your manual trading skill and Auto-Trading Expert Advisor also.
Don’t worry if your trades goes in the wrong direction, ONREX IV will take over and try to manage and control your risk management.
ONREX IV offers a trading interface panel that allows traders to trade manually or opt FULL AUTO TRADING. It’s also set to hide the Take Profit and Stop Loss.
ONREX IV has its own Magic Number, please use trade button on the panel If you’re utilizing manual trading. Other EA’s orders will not be taken over by ONREX IV. Except SMART Close turn ON is enabled.
Strategy Method
Manual trading – Buy, Sell, Both trades are available. The EA will execute others trades based on your EA plan.
Auto trading – Entry based on RSI (if you don’t know what’s going on in the market).
“Why RSI is a good choice indicator to use for automated trading in Onrex IV Premium? Why not others ? “
RSI indicator is more similar to the Break and Retest in my opinion.
Break and Retest strategies are always preferred above Bounce strategies in my trading plan.
Test before make decision
Manual trading can be used to test in Strategic Tester.
Please download it for testing in a real-time chart for a better experience.
Simply ensure that “Time allow to trade” is appropriately set up. (Start Hour & End Hour)
